000 | 01650nas a2200265Ia 4500 | ||
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008 | 241107c99999999xx |||||||||||| ||und|| | ||
022 | _a0002-8282 | ||
100 |
_aAgte, Patrick _9123495 |
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245 | 0 | _aInvesting in the Next Generation: The Long-Run Impacts of a Liquidity Shock | |
260 | _bAmerican Economic Review | ||
260 | _c2024 | ||
300 | _a2792-2824 | ||
520 | _aPoor entrepreneurs must frequently choose between business investment and children's education. To examine this trade-off, we exploit experimental variation in short-run microenterprise growth among a sample of Indian households and track schooling and business out-comes over eleven years. Treated households, who experience higher initial microenterprise growth, are on average one-third more likely to send children to college. However, educational investment and schooling gains are concentrated among literate-parent households, whose enterprises eventually stagnate. In contrast, illiterate-parent households experience long-run business gains but declines in children's education. Our findings suggest that microenterprise growth has the potential to reduce relative intergenerational educational mobility. | ||
650 |
_a Child Care _913939 |
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650 |
_a Children _9127 |
||
650 |
_a Family Planning _9181 |
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650 |
_a Firm Performance _9122464 |
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650 |
_a Liquidity Shock _9123496 |
||
650 |
_aAnalysis of Education _9122120 |
||
700 |
_a Bernhardt, Arielle _9123497 |
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700 |
_a Field, Erica _9123498 |
||
700 |
_a Pande, Rohini _9120618 |
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700 |
_a Rigol, Natalia _9123499 |
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856 | _uhttps://www.aeaweb.org/articles?id=10.1257/aer.20220296 | ||
999 |
_c134523 _d134523 |